Truth to be told
$CleanSpark (CLSK.US)$ I’ve been following crypto stocks for years (even before the 2021 bull cycle).
Here’s what I want to share with you (DYODD)
1. Crypto stocks do not share the same return as BTC. Do not expect crypto stocks to rise the same way as BTC when BTC is skyrocketing. Yes, both can skyrocket. But, there are days when crypto stocks take a different turn
Here’s what I want to share with you (DYODD)
1. Crypto stocks do not share the same return as BTC. Do not expect crypto stocks to rise the same way as BTC when BTC is skyrocketing. Yes, both can skyrocket. But, there are days when crypto stocks take a different turn
2. Crypto stocks may suffer losses even when BTC is on a home run. This can be attributed to high mining cost, poor financial management of the miners, terrible hash rate.
3. Stock dilutions, share unit increase, etc are always a headache. Whenever these happen, crypto stock price will tank
4. In the long run, if BTC breaks $100K and even go beyond, crypto stocks will triump, but only if the company is operating well and they hold their BTC.
So, should you buy miner stocks?
Well, it is up to you. But, remember crypto stocks are very cyclical stocks. If you want to get a good return but don’t want to but BTC, you may consider BTC ETF like $iShares Bitcoin Trust (IBIT.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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TechWhiz : Thanks